Headlines Tagged with Bonds — 1,535 headlines found
When New Jersey decided to bail out some of its tobacco bonds, the state gave up $400 million in future revenues to pocket $92 million immediately, an arrangement that also helped one savvy investor cash in on a big bet.
Dec 30, 2014 ProPublica
added Dec 30, 2014 23:00
failure to spend on smoking cessation efforts when thousands of people still die annually from tobacco-related illnesses has drawn derision from advocates and public health officials....this year will begin repaying hundreds of millions of dollars to bond
Jan 23, 2017 AP - Associated Press
added Jan 23, 2017 19:21
The $84 billion market for junk-rated tobacco bonds, one of the weakest areas of municipal debt this year, is rallying to a one-month high after a ruling against cigarette makers in a payment dispute with states.
Sep 17, 2013 Bloomberg News
added Sep 28, 2013 21:00
say Republican Governor Chris Christie has turned to financial gimmickry in a deal that pledged national tobacco-settlement revenue to investors in exchange for almost $92 million. The one-time infusion, for the current fiscal year, shows the consequence
Mar 9, 2014 Business Week/Bloomberg
added Mar 9, 2014 22:52
California officials have tapped reserves for payments on two series of state tobacco bonds due to insufficient tobacco settlement revenue, according to notices filed with Municipal Securities Rulemaking Board on Monday.
Dec 3, 2012 Reuters
added Dec 4, 2012 01:53
Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16-year-old accord over health-care related cost
Aug 5, 2014 Bloomberg News
added Aug 6, 2014 07:15
Gov. Bobby Jindal's administration has refinanced Louisiana's tobacco settlement bonds, though the state received significantly less money than expected through the deal. Jindal's top financial adviser, Commissioner of Administration Kristy Nichols, anno
Jul 2, 2013 AP - Associated Press
added Jul 7, 2013 21:16
In a lawsuit filed in R.I. Superior Court, two mutual funds controlled by Oppenheimer Funds are trying to block the tobacco bond refinancing, which they claim defrauds their investors.
Dec 8, 2014 Providence Business News
added Dec 8, 2014 15:46
Jindal's top financial adviser, Commissioner of Administration Kristy Nichols, announced Tuesday that the deal was done. Instead of the more than $140 million in upfront cash expected by the refinancing, the state got $83 million.
Jul 3, 2013 KNOE 8 News (Monroe, LA)
added Jul 3, 2013 12:16
Bond investors demanded a higher yield from Philip Morris International Inc. (PM) Tuesday than the cigarette maker was granted last summer, as rising interest rates and questions about overseas tobacco sales weighed on its debt sale.
Feb 26, 2013 Dow Jones Newswires
added Feb 27, 2013 00:37